Ride on L a

Analysis

Ride on L a is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ride on L a reported income of $2.5m and spending of $2.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.5m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ride on L a sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Kair In-Home Social Services Incorporated ($2.5m), Disability Network Southwest Michigan ($2.5m) and Garden of Hope Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $125k (5.9% of expenses). At year end it held assets of $3.8m against liabilities of $583k, net assets of $3.3m. It reported 29 employees.